As Washington delays stimulus, the Fed is running out of ways to help the economy
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing on September 23, 2020 in Washington, DC. Stefani Reynolds | Pool | Getty Images Federal Reserve officials have been pressing Congress...
BoC “Calibrates” QE But Stays the Course with Stimulus
Overnight rate held at 0.25%, set to stay there until 2023 QE purchases trimmed back slightly, maturities extended Near-term GDP forecasts revised higher but protracted recovery still expected The Bank of Canada left interest rates unchanged this morning and maintained...
The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns
People pass by The New York Stock Exchange. Angela Weiss | AFP | Getty Images LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns. Agathe Demarais, global forecasting...
Prices Don’t Always Move in a Straight Line: S&P 500, EUR/USD, AUD/USD
Stocks are lower today and the US Dollar is higher today as fears of contagion from the coronavirus and the possibility of more national lockdowns are taking hold (It was just recently released that Germany’s lockdown will begin on Monday...
Intensifying Worries on Very Serious Coronavirus Situation in Europe, Dollar and Yen Surge on Risk Aversion
Intensifying worries over out-of-control coronavirus spread in Europe push European stocks to 5-month low today. US futures also point to sharply lower open as this week’s decline would likely extend. Dollar and Yen jump on risk aversion, followed by Swiss...
USD/NOK 4H Chart: Two Scenarios Likely
Since the beginning of October, the USD/NOK exchange rate has been trading upwards within an ascending channel. From a theoretical point of view, it is likely that the currency pair could continue to trade upwards within the predetermined channel in...
EU Indices Still Under Pressure | TA Focus On BASF
INDICESYesterday, European stocks remained under pressure. The Stoxx Europe 600 Index fell 0.95%, Germany’s DAX 30 lost 0.93%, France’s CAC 40 tumbled 1.77%, and the U.K.’s FTSE 100 was down 1.09%. EUROPE ADVANCE/DECLINE76% of STOXX 600 constituents traded lower or...
Euro Tumbles on Coronavirus and Lockdown, Yen Riding Higher
European majors are all trading broadly lower today on worsening coronavirus spread and return to lockdowns. Mild risk aversion keeps the Japanese Yen afloat but it’s outperformed slightly by Aussie, after slightly stronger than expected Australian CPI reading. Dollar is...
Crude Oil Price Showing Bearish Signs Below $39
Key Highlights Crude oil price started a sharp decline after it failed to clear the $41.40 resistance area. There was a break below a key contracting triangle at $39.65 on the 4-hours chart of XTI/USD. The US Durable Goods Orders...
Dow futures fall more than 100 points as Wall Street grapples with rising Covid-19 cases, earnings
U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 150 points lower, or 0.5%. S&P 500 slid 0.6% and Nasdaq 100 futures...
Signal2forex.com - Best Forex robots and signals




